Nokia shareholders and union angry over Micro-Nokia deal

By on February 16, 2011
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Nokia supporters wants the company back to focusing on MeeGo.

Stephen Elop, the new CEO at Nokia, is under tremendous fire from all sorts of quarters. After announcing the Microsoft-Nokia deal where the mobile manufacturer decided to bid goodbye to Symbian in favor of Windows Phone 7 has met with a lot of criticism from people within the company itself. The dissent was immediately highlighted when over 1,000 employees working at the Finnish head quarters decided to walk out in protest.

Now the anger is coming from two different directions: the shareholders and the union. The shareholders had a rather drastic plan, calling it ‘Nokia Plan B’, where the proposal was to oust Stephen Elop with immediate effect and return Nokia to focus on MeeGo while giving Symbian a five-year minimum reprieve. However, the the ‘group’ was dismissed after it was rejected by the institutional investors.

Union on the other hand are demanding €100,000 in addition to severance payments for every Nokia employee that will loose his job due to the merger. The union estimates that the company is looking to slip the pink slip to at least 5,000 people of Nokia’s 20,000 workers located in Finland.

The upcoming Nokia talk meeting may hold some answers as the company tries to juggle between retaining employee satisfaction and the company’s future.


About

Mufaddal Fakhruddin is the Editor for IGN ME and thinks writing in third person about himself in an about me section is weird.

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